The Teachers Insurance & Annuity Association of America Has $647,000 Position in Easterly Government Properties, Inc. (DEA)

The Teachers Insurance & Annuity Association of America Has $647,000 Position in Easterly Government Properties, Inc. (DEA)

Teachers Insurance & Annuity Association of America held its stake in shares of Easterly Government Properties, Inc. (NYSE:DEA) during the third quarter, Holdings Channel reports. The firm owned 33,927 shares of the real estate investment trust’s stock at the end of the third quarter. Teachers Insurance & Annuity Association of America owned about 0.14% of Easterly Government Properties worth $647,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Raymond James & Associates boosted its position in Easterly Government Properties by 1.8% in the second quarter. Raymond James & Associates now owns 67,430 shares of the real estate investment trust’s stock valued at $1,330,000 after buying an additional 1,202 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Easterly Government Properties by 1.5% in the second quarter. JPMorgan Chase & Co. now owns 90,776 shares of the real estate investment trust’s stock valued at $1,790,000 after buying an additional 1,325 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its position in Easterly Government Properties by 10.7% in the third quarter. Nomura Asset Management Co. Ltd. now owns 15,060 shares of the real estate investment trust’s stock valued at $287,000 after buying an additional 1,460 shares during the last quarter. Mizuho Trust & Banking Co. Ltd. boosted its position in Easterly Government Properties by 37.7% in the third quarter. Mizuho Trust & Banking Co. Ltd. now owns 5,751 shares of the real estate investment trust’s stock valued at $110,000 after buying an additional 1,574 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its position in Easterly Government Properties by 13.6% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 16,117 shares of the real estate investment trust’s stock valued at $308,000 after buying an additional 1,927 shares during the last quarter. Institutional investors and hedge funds own 74.51% of the company’s stock.

Shares of Easterly Government Properties, Inc. (NYSE:DEA) traded up 1.21% during midday trading on Wednesday, reaching $20.14. 181,762 shares of the company’s stock traded hands. Easterly Government Properties, Inc. has a 52-week low of $16.41 and a 52-week high of $20.82. The stock has a market cap of $707.82 million, a price-to-earnings ratio of 258.21 and a beta of 0.60. The stock has a 50 day moving average of $19.78 and a 200-day moving average of $19.44.

Easterly Government Properties (NYSE:DEA) last released its earnings results on Tuesday, November 8th. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.30 by $0.01. Easterly Government Properties had a net margin of 2.42% and a return on equity of 0.37%. The business earned $26.98 million during the quarter, compared to the consensus estimate of $25.93 million. During the same quarter in the prior year, the firm earned $0.26 EPS. The business’s revenue was up 35.9% on a year-over-year basis. On average, equities research analysts expect that Easterly Government Properties, Inc. will post $0.13 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 22nd. Shareholders of record on Wednesday, December 7th were given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 4.77%. The ex-dividend date of this dividend was Monday, December 5th. This is a boost from Easterly Government Properties’s previous quarterly dividend of $0.23. Easterly Government Properties’s payout ratio is currently 1,371.43%.

Several research firms recently commented on DEA. Raymond James Financial, Inc. reiterated a “market perform” rating and set a $20.50 target price on shares of Easterly Government Properties in a research note on Monday, January 9th. Zacks Investment Research cut shares of Easterly Government Properties from a “hold” rating to a “sell” rating in a research note on Tuesday, December 6th. SunTrust Banks, Inc. began coverage on shares of Easterly Government Properties in a research note on Tuesday, October 18th. They set a “buy” rating and a $21.00 target price for the company. Finally, Jefferies Group began coverage on shares of Easterly Government Properties in a research note on Wednesday, October 5th. They set a “buy” rating and a $22.00 target price for the company. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. Easterly Government Properties presently has an average rating of “Hold” and a consensus target price of $20.08.

Easterly Government Properties Company Profile

Easterly Government Properties, Inc is a real estate investment trust (REIT). The Company is focused primarily on the acquisition, development and management of Class A commercial properties that are leased to the United States Government agencies, such as the Drug Enforcement Administration, Federal Bureau of Investigation, Internal Revenue Service, Patent and Trademark Office, Customs and Border Protection, U.S.

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